3 Seagrave Rd Cambridge, MA 02140
North Cambridge NeighborhoodEstimated payment $8,696/month
Highlights
- Medical Services
- Property is near public transit and schools
- Jogging Path
- Deck
- Wood Flooring
- 1-minute walk to Gibbons Park
About This Home
A rare North Cambridge offering combining strong in-place income with verified redevelopment potential. This fully leased two-family (both tenants through 7/31/26) produces a solid 4.22% CAP rate, making it a reliable investment from day one. Even more compelling, a formal zoning analysis by Context Workshop Architects confirms the ability to demolish the existing structure and construct up to nine (9) residential units with roughly 10,000 sq ft of gross living area under current C-1 zoning. With only 5' front and side setbacks required and no parking minimums under Cambridge’s new multifamily zoning, this site offers a clear by-right path for a boutique development project. Located minutes to Alewife Station, the Minuteman Bike Path, and steps from the transformative 46-acre Cambridge Point redevelopment, this property sits in one of the most rapidly evolving and highly connected neighborhoods in the city. A perfect opportunity for developers or investors seeking long-term upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,666
Year Built
- Built in 1950
Lot Details
- 3,780 Sq Ft Lot
- Level Lot
- Garden
Parking
- 2 Car Garage
- Tandem Parking
- 5 Open Parking Spaces
- Off-Street Parking
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,644 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Gas Dryer Hookup
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Outdoor Features
- Deck
- Enclosed Patio or Porch
- Rain Gutters
Location
- Flood Zone Lot
- Property is near public transit and schools
Schools
- Wild Rose Elementary School
- Rindge Avenue Middle School
- Rindge Avenue High School
Utilities
- 2 Heating Zones
- Separate Meters
- 150 Amp Service
- 100 Amp Service
Listing and Financial Details
- Assessor Parcel Number M:00187 L:00036,413106
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $13,228
- Net Operating Income $69,572
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,746 | $1,219,900 | $480,700 | $739,200 |
| 2024 | $7,176 | $1,212,100 | $500,700 | $711,400 |
| 2023 | $6,648 | $1,134,400 | $510,700 | $623,700 |
| 2022 | $6,330 | $1,069,200 | $505,400 | $563,800 |
| 2021 | $6,142 | $1,049,900 | $507,100 | $542,800 |
| 2020 | $6,038 | $1,050,000 | $518,100 | $531,900 |
| 2019 | $5,722 | $963,300 | $462,500 | $500,800 |
| 2018 | $5,273 | $838,300 | $389,400 | $448,900 |
| 2017 | $5,279 | $813,400 | $365,100 | $448,300 |
| 2016 | $5,126 | $733,400 | $316,400 | $417,000 |
| 2015 | $5,067 | $648,000 | $278,200 | $369,800 |
| 2014 | $4,812 | $574,200 | $243,400 | $330,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | Price Changed | $1,550,000 | -6.1% | $586 / Sq Ft |
| 01/08/2026 01/08/26 | For Sale | $1,650,000 | -- | $624 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $328,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $278,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73466811
APN: CAMB-000187-000000-000036
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